Nvidia confirms it will buy Hugging Face for $12.9 billion
Nvidia has confirmed it will acquire Hugging Face for $12.9 billion, citing the platform's 3 million-plus hosted models and over 18 million developers.
#funding
34 articles tagged with “funding”.
NVIDIA to Acquire Hugging Face
NVIDIA announced an agreement to acquire Hugging Face for $12,930,300,000, aiming to scale the platform, strengthen infrastructure, and broaden AI access for developers and institutions.
Harvard Law dropout raises $6M for Blue Voice to build a ‘Harvey for police officers’
Blue Voice, founded by a Harvard Law dropout, raised $6M to build an AI tool for police officers trained on department-specific laws, ordinances, and protocols.
Clipto uses AI to search terabytes of video and is now valued at $250M
Clipto, a three-year-old startup focused on AI-driven video search, has a newly announced valuation of $250 million following its latest round of funding.
Neocloud Lambda secures $1B in debt to buy more chips
Lambda secured $1B in private debt to buy Nvidia AI chips and lease them to Microsoft, adding to a series of loans that reflect the high cost of the AI boom.
Open-weight AI companies are the Valley’s hottest acquisition targets
A report notes that open-weight AI companies have become prominent acquisition targets, drawing substantial capital into the business of releasing models freely.
QueryStory wants you to believe what AI is telling you
QueryStory has emerged from stealth with $6 million in seed funding and plans to apply LLMs and cybersecurity know-how to improve the coherence of AI queries.
Accel-backed Keenable is indexing the web for AI agents
Keenable has emerged from stealth with a $26 million seed round, building a web search index aimed at AI agents.
AI data startup Micro1 reaches $500M gross run rate amid AI training boom
Micro1, an AI data startup, has hit a $500 million gross run rate as rising demand for AI training data drives rapid growth across the sector.
Nvidia’s new financial strategy does not compute
Nvidia and firms including Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR are assembling $500 billion in financing to frame compute as a new asset class, a claim The Verge scrutinizes.
Relativity Networks raises $22 million to bring a faster kind of fiber to data centers
Relativity Networks secured $22 million to deploy hollow-core fiber, a rarely used technology it says transmits data 30% faster than conventional fiber, in data centers.
Anthropic’s annualized revenue surges to $65B
Anthropic has reported a significant increase of $18 billion in its annualized revenue within a short two-month window, reflecting robust growth.
NVIDIA AI Factory Compute Is Becoming an Investable Asset Class
NVIDIA announced partnerships with six major financial firms to create independent financing platforms aimed at mobilizing over $500 billion in third-party capital for AI infrastructure buildout.
Accel closes oversubscribed $550M India fund within weeks, 19 months after its last
Accel has closed a $550 million India-focused fund within weeks, coming 19 months after its previous $650 million fund, which still has more than 55% available to deploy.
General Catalyst leads $1.1B round into 2-month-old River AI
River AI, founded by xAI co-founder Igor Babuschkin, secured $1.1 billion in a General Catalyst-led round to pursue a vision for personal agents.
Discovered Materials is playing AI whack-a-mole to hunt cooler chips
Discovered Materials secured $9 million in funding to support its search for new materials intended to enable more efficient chips.
A Marc Benioff-backed startup thinks AI can solve the AI deployment problem
June has emerged from stealth with a $20 million pre-seed round, positioning itself to make AI adoption and deployment simpler for organizations.
Smallest.ai raises $13M to build ultra-fast voice AI that sounds genuinely human
Smallest.ai raised $13M to build ultra-fast voice AI models designed to make AI phone calls pass the Turing test.
Encore AI raises $30M to build AI agents that learn from customer calls
Encore AI has raised $30 million to build AI agents that analyze calls, messages and CRM data to identify effective sales techniques and turn them into playbooks.
As AI content floods the internet, Pangram raises $9M to detect it
AI detection startup Pangram raised $9 million to expand its software, launching a new text detection model, Pangram 4, and an image detection model in research preview.
Bot-detection startup Spur nabs $200M from Insight
Spur Intelligence secured a $200 million funding round from Insight Partners for its bot-detection technology that separates human traffic from bots.
Fish Audio raises $52M seed to build AI voice models for creators and enterprises
Fish Audio raised a $52M seed round to develop AI voice models. It reports over 8 million users of its open-source or hosted models and $21M in annual recurring revenue.
Recursive Superintelligence signs $410M compute deal with Amazon
Recursive Superintelligence has agreed a $410M compute deal with Amazon, directing spending toward compute rather than headcount as it works to automate its own product development.
Prentis, new AI lab co-founded by Reid Hoffman, Mark Pincus in talks to raise $100M
Prentis, a new AI lab co-founded by Reid Hoffman and Mark Pincus, is reportedly in talks to raise $100M, wagering that automating routine computer tasks will overtake coding as AI's biggest use case.
AegisAI, founded by former Google security execs, lands $36M to stop AI-driven spear phishing
AegisAI, founded by former Google security executives, has raised $36M to fight AI-driven spear phishing with AI agents that examine each message for subtle anomalies.
Travis Kalanick’s robotics company raises $1.7B, led by a16z
Atoms, a robotics company founded by Travis Kalanick, has raised $1.7 billion led by a16z, with Uber among its investors.
Yope raises $12.3M to build a private social network without algorithms or ads
Yope has raised $12.3 million in seed funding to build a private social app centered on small groups of friends and family, avoiding algorithmic feeds and ads.
Accelerating the frontiers of scientific discovery: Google’s $40M commitment to the Genesis Mission
Google has committed $40 million in AI tokens and credits toward the Genesis Mission, an initiative focused on advancing scientific discovery.
Gritt exits stealth with $34 million for robots to build solar plants—then, everything else
Robotics startup Gritt has emerged from stealth with $34 million in funding, aiming to automate difficult construction work beginning with solar plants.
Neil Rimer thinks the AI money is coming back out
Venture capitalist Neil Rimer, co-founder of Index Ventures, predicts that the significant wealth AI is creating in Silicon Valley will have to be redistributed voluntarily or involuntarily.
Why the first GPU financiers are turning to inference chips in a $400 million deal
A $400 million chip-backed loan highlights a move by early GPU financiers toward inference chips as part of the next wave of AI infrastructure financing.
Applied Computing wants to give oil and gas operators an AI model for the entire plant
Applied Computing secured a $20M Series A to develop a foundation AI model aimed at the oil, gas and petrochemical industry.
Already rich, already successful, why the last wave of tech winners is grinding again
A TechCrunch piece looks at why successful, already-rich tech figures are working intensely again, motivated by AI's defining moment and the prospect of greater earnings.
An AI agent startup just let its agent run its $100M fundraise
Lyzr, a startup building AI agents for enterprises, said it used its own agent to conduct a $100 million fundraising round.